Tech renter buys $1.1M home without selling Bitcoin

I recently worked with a client who had spent years enjoying the condo lifestyle in Miami. With a strong career in tech and a six-figure salary, he felt no urgency to buy. His building sat along the river, the views were stunning, and the amenities made the premium rent feel worth it.

When Surfside changed his rent calculus

That changed quickly.

After the Surfside condo collapse, structural restoration requirements swept through the city. HOA fees jumped, and those increases hit renters fast. Suddenly, his rent spiked with no improvement to his quality of life. What once felt like a luxury started to feel like throwing money away. That’s when he started looking for something with more stability.

Finding a home he could grow into

He wasn’t quite ready to leave the city or the condo lifestyle behind, but he wanted a long-term play. Something he could rent now and move into later. He found a $1.1 million single-family home just outside Coral Gables that checked every box.

Why his income didn't fit, but his Bitcoin did

Despite his income, he ran into a common hurdle. Traditional lenders evaluated him based on his monthly debts versus income, and with his high rent and other financial obligations, the numbers didn’t work. So he began looking into options that might allow him to use his Bitcoin instead of relying on income. He explored sellers who would accept crypto directly, but none of those deals panned out. Then he found Milo.

He held a solid crypto portfolio and didn’t want to liquidate it, especially with the market trending up. At Milo, he saw a different approach. We qualified him based on the property’s strength and his Bitcoin reserves, without requiring personal income documentation.

A 70% LTV crypto mortgage on the rental comps

The rental comps in the neighborhood were strong, which helped secure a competitive rate. We structured a 70 LTV crypto mortgage, and the transaction moved forward without the red tape he faced elsewhere.

Today, he owns a home in a part of Miami he loves. It’s generating rental income now, and it’s a place he plans to live in down the line. He kept full ownership of his Bitcoin, gained equity in a great property, and no longer has to worry about unexpected rent hikes or building-wide assessments.

Curious how crypto mortgages work behind the scenes? Our complete guide to Bitcoin mortgages covers everything from eligibility to collateral.

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.